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part of the push to preserve the middle class tax cut. here he is around the table in the washington area today. if the president and congress cannot reach a deal, tax rates for the middle class and everyone else goes up the first of the year. meanwhile, senate minority leader mitch mcconnell today prevented a simple majority vote to give the president the power to raise the u.s. debt ceiling. president obama pushed for the power trance fosform as part of white house plan they unveiled a week ago. fiscal cliff, 26 days away. christine romans explains how going over the cliff could affect you and your family. >> reporter: brooke, here's what the sequester could mean for domestic programs. fewer women and children with assistance and child care aid. cuts to education nearly 100,000 head start spots at risk. more than 25,000 teachers and teachers aids could lose their jobs and science and public research grants could be cut including in to cancer and childhood diseases. fewer americans could receive drug abuse treatment and $700 million slas
part of the push to preserve the middle class tax cut. here he is around the table in the washington area today. if the president and congress cannot reach a deal, tax rates for the middle class and everyone else goes up the first of the year. meanwhile, senate minority leader mitch mcconnell today prevented a simple majority vote to give the president the power to raise the u.s. debt ceiling. president obama pushed for the power trance fosform as part of white house plan they unveiled a week...
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if it's acceptable -- if john boehner and barack obama cut a deal, it will pass the senate and the house no matter what nancy pelosi wants. >> i disagree with that. >> we have agreed so far on almost everything so. >> not here to necessarily agree. >> not 95, '96, gingrich who could dictate. if john boehner did which was walk into the caucus and say accept this or i am leaving, they will say bye. same thing with obama. the democratic caucus thinks they have the leverage >> bill: 20 minutes. here stan collender lendcollender. i am going to ask you about apple announcing that they are going to have a whole new line of computer manufacturing in the united states and what that means leading up to the job numbers at the bottom of the hour. "full-court press," friday december 7th. >> this is the if you recall court press. , the bill res show live on your radio and on current t.v. street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conver
if it's acceptable -- if john boehner and barack obama cut a deal, it will pass the senate and the house no matter what nancy pelosi wants. >> i disagree with that. >> we have agreed so far on almost everything so. >> not here to necessarily agree. >> not 95, '96, gingrich who could dictate. if john boehner did which was walk into the caucus and say accept this or i am leaving, they will say bye. same thing with obama. the democratic caucus thinks they have the leverage...
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that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be entering an austerity-induced recession. markets would be convulsing as they realize our austerity crisis is about to become also a default crisis. and so the economy, as a whole, is going to be going nuts. poll after poll already shows republicans are receiving more blame for the potential failure of the debt talks. and after telling the press they're going to make a strategic decision to use a debt ceiling as more and more dangerous leverage, they're lik
that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax...
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that is spending cuts. chief white house correspondent ed henry looks in to that tonight. >> reporter: pulling on the heart strings as if he were back on the campaign trail, president obama visited middle class family in virginia. >> a couple of thousand dollars means a couple months' rent for this family. >> once again, he was trying to frame the battle oaf the fiscal cliff as being all about taxes. with no mention of spending cuts. >> i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one. that is good for the american economy. >> republicans believe the reason the president is going light on spending cuts and demanding the budget deal include another increase in the nation's debt ceiling is clear. >> this isn't about getting a handle on the deficits or debt for him. it's about spending even more than he already has. >> white house aides reject republican
that is spending cuts. chief white house correspondent ed henry looks in to that tonight. >> reporter: pulling on the heart strings as if he were back on the campaign trail, president obama visited middle class family in virginia. >> a couple of thousand dollars means a couple months' rent for this family. >> once again, he was trying to frame the battle oaf the fiscal cliff as being all about taxes. with no mention of spending cuts. >> i'm not going to sign any package...
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and spending cuts. republicans aren't going to come forward until the democrats say more about how they want to cut spending. right now, we're stuck. now, it could be the well that is getting poisoned right now, as positions are going to harden with all of these negotiations they sometimes with most fire before they break. the debt limit, president obama said that he's not going to negotiate at all over the debt limit. i don't know how you can get that resolved by december 31st. >> could the republicans give in on the tax cuts on the rich in this country if they want to use the debt limit as leverage? >> they could. lot of republicans have said, they know taxes are going to go up, but they want to know how far the president is willing to go in cutting spending especially that entitlement spending, even social security before they sign on to the higher rates. you got these guys circling each other before coming together. >> if i'm sitting at home and i'm not following politics closely, it looks like the
and spending cuts. republicans aren't going to come forward until the democrats say more about how they want to cut spending. right now, we're stuck. now, it could be the well that is getting poisoned right now, as positions are going to harden with all of these negotiations they sometimes with most fire before they break. the debt limit, president obama said that he's not going to negotiate at all over the debt limit. i don't know how you can get that resolved by december 31st. >> could...
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that is when president obama extended all of the bush tax cut rates that are about to expire. host: we want to get the first question from cindy on twitter. sen the it's the exact dynamic that is a problematic in this. -- guest: cindy it's the exact problem as a problematic. it will only increase government spending. unemployment benefits are a stopgap measure that prevent people who might be able to get work from getting other government benefits. the most egregious example is social security disability. as people start to exhaust their unemployment benefits, they apply for disability. that is a good program designed for people who are unable to work. as more and more people who can work apply for it, that drains the resources. once they get on that, they do not get back into the workforce. we see the trust fund set to hit insolvency in 2016. host: we will go first to tim from carolina on the republican line. caller: good morning. how are you? i would like to ask a question. how can the government extend unemployment benefits to the tune of -- it seems like unlimited when the
that is when president obama extended all of the bush tax cut rates that are about to expire. host: we want to get the first question from cindy on twitter. sen the it's the exact dynamic that is a problematic in this. -- guest: cindy it's the exact problem as a problematic. it will only increase government spending. unemployment benefits are a stopgap measure that prevent people who might be able to get work from getting other government benefits. the most egregious example is social security...
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." >>> we begin with president obama taking his battle to extend tax cuts for the middle class into the heart of the middle class suburb today. he visited a family just outside washington, d.c., using their story to dramatize what will happen in just 26 days if he and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan lothian. he's on the scene for us over at the white house. how did it go, dan? >> reporter: well, wolf, we've seen the president do this before in the past whenever he's locked in negotiations with lawmakers. he heads out on the road, either goes to a backyard or sits down around a dinner table to put pressure on congress. that's what he did today when he went to falls church sitting down with the santana family. their parents who also are employed live in the household with them. so if taxes do go up on middle class americans, the overall hit on that household will be $4,000. so they're very concerned, but they
." >>> we begin with president obama taking his battle to extend tax cuts for the middle class into the heart of the middle class suburb today. he visited a family just outside washington, d.c., using their story to dramatize what will happen in just 26 days if he and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan...
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all of those americans, too, get a tax cut. the obama administration is happening what happens for the aying american families. we have congressman randy forbes. >> let me ask you something. do you feel like a president actually wants this to happen so that it gives him some political ad vantage? >> i have to judge that by two things. first of all what i am hearing from my colleagues on the democratic leadership side they said they wanted to go over the fiscal cliff because we have argued all along they will start by simply taxing everybody over 250,000. they told me they wouldn vote fr anything that would tax everybody over 150,000. you take the president's actions. the president doesn't want to get an agreement or compromise he wants to get his way. he won't come to the table with any serious proposal because we can get a solution everybody can live with. >>> they have a bit of a messaging problem. i don't understand why there's not more of a conversation that starts with the fact these taxes go up. democrats would not extend
all of those americans, too, get a tax cut. the obama administration is happening what happens for the aying american families. we have congressman randy forbes. >> let me ask you something. do you feel like a president actually wants this to happen so that it gives him some political ad vantage? >> i have to judge that by two things. first of all what i am hearing from my colleagues on the democratic leadership side they said they wanted to go over the fiscal cliff because we have...
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. >> if the bush tax cuts are repealed and everyone's taxes go up, i promise you republicans will be blamed for it. >> so are you saying, then, for pr purposes that they should give into obama on the tax rate in. >> not exactly. well, yeah, i guess i am. >> ka pit late to obama who is -- we don't have a revenue problem, ann. >> we lost the election, shawn. >> i can't believe i'm saying this, but ann coultter is right. they lost. the question may now be when, not if, the republicans will cave on taxes. joining me now is dana milbank, columnist for "the washington post." he's writing about the republicans waving tax hikes and cynthia tucker and visiting professor of journalism at the university of georgia. thanks to both of you for being here tonight. >> hi, reverend. >> good to be here, reverend. >> dana, are republicans really ready to cave? >> well, reverend, first of all, terrific particular to see you and ann coulter on the same page. they've caved already. they have said, we're going to agree to an $800 billion tax increase. it's entirely possible that they are going to go off th
. >> if the bush tax cuts are repealed and everyone's taxes go up, i promise you republicans will be blamed for it. >> so are you saying, then, for pr purposes that they should give into obama on the tax rate in. >> not exactly. well, yeah, i guess i am. >> ka pit late to obama who is -- we don't have a revenue problem, ann. >> we lost the election, shawn. >> i can't believe i'm saying this, but ann coultter is right. they lost. the question may now be when,...
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president obama want congress to cut a check for $60 billion in aid to hurricane sandy victims. house leadership hopes to get the money flowing fast. >>> video captures a 7.3 quake off the coast of japan. several people were reportedly hurt. >>> and sad news from the london hospital where kate middleton was treated. a nurse who fielded it the call that was a hoax call has taken her own life. she was a first-class nurse, says the hospital. back to "hardball." >>> well, this isn't a progress report because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> welcome back to "hardball." that was speaker boehner's downbeat assessment of fiscal negotiations. he went on putting blame squarely on the president. let's listen. >> this president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. it's time for the president, if he's serious, to come back to us with a counteroffer. >> shortly after, house minority leader nancy pelosi put
president obama want congress to cut a check for $60 billion in aid to hurricane sandy victims. house leadership hopes to get the money flowing fast. >>> video captures a 7.3 quake off the coast of japan. several people were reportedly hurt. >>> and sad news from the london hospital where kate middleton was treated. a nurse who fielded it the call that was a hoax call has taken her own life. she was a first-class nurse, says the hospital. back to "hardball."...
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the president says he is optimistic that republicans will cut a deal to keep middle class taxes from going up 26 days from now. leaders in the g.o.p. say the president is forgetting about the other part of the deal. the spending cuts. let's get to ed henry live for us tonight. ed, what else did the president have to say today? >> well, shep, there is so much pessimism from the myan calendar and predictions i suppose to predictions congress can't get its act together and get this fiscal mess cleaned up. the president tried to have a different message. he is trying to say he is optimistic and thinks that when everyone has their say here over the next few days they are finally going to get a deal. take a listen. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> now, the president expressing on michelle there. we are told as well that his staff and speaker boehner's staff have now sort
the president says he is optimistic that republicans will cut a deal to keep middle class taxes from going up 26 days from now. leaders in the g.o.p. say the president is forgetting about the other part of the deal. the spending cuts. let's get to ed henry live for us tonight. ed, what else did the president have to say today? >> well, shep, there is so much pessimism from the myan calendar and predictions i suppose to predictions congress can't get its act together and get this fiscal...
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well, 28 days to go until tax cuts expire for most americans if president obama and congress can't cut a deal to keep us from going off the fiscal cliff. the president says the latest republic offer is out of balance because it extends tax cuts on income of above $250,000. g.o.p. leaders claim they can raise revenue without raising rates by closing loopholes and limiting deductions. but the white house says it's about the rates. ed henry is at the white house tonight. the president claims the republic math does not add up. >> that's right, shep. he met with the nation's governors today. he said behind closed doors that there is a lot at stake not just for the national economy but state by state. some of their budgets could take a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the
well, 28 days to go until tax cuts expire for most americans if president obama and congress can't cut a deal to keep us from going off the fiscal cliff. the president says the latest republic offer is out of balance because it extends tax cuts on income of above $250,000. g.o.p. leaders claim they can raise revenue without raising rates by closing loopholes and limiting deductions. but the white house says it's about the rates. ed henry is at the white house tonight. the president claims the...
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. >> what does obama want that's not in the fiscal cliff -- he wants what's in the fiscal cliff. it's defense cuts and tax hikes. we're compromising with someone who doesn't want to compromise. he likes that stuff. i know he doesn't want to raise taxes on the middle class. but we have to give up everything in this deal. we should articulate our principles or give him what he wants. we're going to vote present and say -- >> boehner's doing the best he can. he's playing a short deck right now. >> you really think he's the best spokesman for conservatism. >> no, no. >> we should put a paul ryan -- we need younger leadership. >> paul ryan came out publicly in support of boehner. that's point number one. secondly, boehner jumped ryan over more senior people to put him as head of the budget committee. that's my second point. and boehner himself is being advised by ryan every step of the way. >> what do you say about this purge then? he's purging people that wants to balance the budget. >> you lost, ron. don't blame boehner. blame the republican party. blame conservatives. jim demint sa
. >> what does obama want that's not in the fiscal cliff -- he wants what's in the fiscal cliff. it's defense cuts and tax hikes. we're compromising with someone who doesn't want to compromise. he likes that stuff. i know he doesn't want to raise taxes on the middle class. but we have to give up everything in this deal. we should articulate our principles or give him what he wants. we're going to vote present and say -- >> boehner's doing the best he can. he's playing a short deck...
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this look, obama recommended or proposed cutting the defense department and he was attacked viciously by republics. so, the idea that like he never suggest cuts is kind of absurd. >> bill: do you really think barack obama wants meaningful cuts in government? really? really? >> as much as republicans do. look, he got attacked all through the campaign for cutting medicare, right? so the people who claim that they want all these cuts, what do they do? they attack the president when he proposes cuts and they refuse to put anything specific on their proposal. what they sent back was just a number. >> bill: all right. okay. i got it. i got it. i got it. i'm just tired of this whole business. i think we should cut 10% across the board and then, you know, keep taxes the way they are and try to stimulate the economy by the private sector. plenty more ahead as the factor moves along this evening. >> i will tell diane. >> bill: charlie brown thrown under the bus by a church pastor in arkansas. how could this possibly happen in america? tell you what's going on. also, dennis miller having to deal
this look, obama recommended or proposed cutting the defense department and he was attacked viciously by republics. so, the idea that like he never suggest cuts is kind of absurd. >> bill: do you really think barack obama wants meaningful cuts in government? really? really? >> as much as republicans do. look, he got attacked all through the campaign for cutting medicare, right? so the people who claim that they want all these cuts, what do they do? they attack the president when he...
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. >> does this mean that president obama sort of holds all the cards not just with spending cut, but on the tax cuts as well? >> all of these i'm going to stand my ground, they're not working anymore. these pledges, they're not working right now. a lot of them are going to recognize they can't get a big victory right now. >> let's look at a "washington post" poll, it shows who americans where really going blame if we got off the fiscal cliff. 53% say republicans in congress, 27% say president obama. 17% say it's both. what do republicans have in this battle? they really don't have much leverage, do they? >> the democrats faced the same thing in 2000, when george w. bush got elected, they realized they were going to have to scale back and do what he wanted hem to do. they're going to ask for entitle been reform. >> and this is going to happen on december 31st at 11:59? >> boehner and obama are meeting today for a reason because they know they have to do the chest beating inside and out. please, obama's begging, boehner's begging, they're going to finish this up. >>> a popular mexican
. >> does this mean that president obama sort of holds all the cards not just with spending cut, but on the tax cuts as well? >> all of these i'm going to stand my ground, they're not working anymore. these pledges, they're not working right now. a lot of them are going to recognize they can't get a big victory right now. >> let's look at a "washington post" poll, it shows who americans where really going blame if we got off the fiscal cliff. 53% say republicans in...
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who actually came up with a plan to cut the deficit, a plan that everyone hailed as magnificent but no one wanted to adopt. >>> joining me now is cnn contributor will cain. he leans right. good morning, will. >> good morning. let me tell you something. you said the popularity of gangnam style knows no limits. i beg to differ. >> you do? >> i think we just found its limits, when 8-year-olds start doing gangnam style you can count on its popularity decreasing. we're about a year away from it being makarena. >> trying to get two sides come together to come to a deal on the fiscal cliff. >> i don't know about young people's abilities to force cats and dogs and democrats and republicans to come together to find a deal. he had a much more profound message than just simply dancing in that clip, in that psa essentially. he was trying to alert young people to the fact that old people, bluntly, are organized. look at the army of aarp representatives that ensure that programs like medicare and social security, programs that take up something like 50% of our federal budget will remain intact an
who actually came up with a plan to cut the deficit, a plan that everyone hailed as magnificent but no one wanted to adopt. >>> joining me now is cnn contributor will cain. he leans right. good morning, will. >> good morning. let me tell you something. you said the popularity of gangnam style knows no limits. i beg to differ. >> you do? >> i think we just found its limits, when 8-year-olds start doing gangnam style you can count on its popularity decreasing. we're...
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he knows fail to cut this on schedule is a risk of unclear dimension. nobody knows, i don't, how bad the whirlwinds will be if he
he knows fail to cut this on schedule is a risk of unclear dimension. nobody knows, i don't, how bad the whirlwinds will be if he
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this barack obama made no campaign promises that he would cut spending, none. he didn't say he would reign in government, none. yet the american people said you know what? that's okay with us. you keep spending, you keep getting it up there and we will take our chances. do you think most americans understand this? >> not at all. and i think it's pretty easy to win elections when you give away candy that you borrow from the chinese. and i think the reason republicans lost is they didn't make the case. they didn't make the case sustainable. >> bill: what we did tonight mitt romney never did. he had made the economic case that we are making here tonight that, listen, all the cash, all of your 401(k)'s. all of your equities, all of your bonds, it's all gonna evaporate unless you stop the madness in washington. you can't have a president in four years borrow as much money as george washington through w. borrowed combined. it's impossible. it's crazy. you can't have it. if mitt romney had done that he might have won but he wouldn't or couldn't do it. last word. >> yo
this barack obama made no campaign promises that he would cut spending, none. he didn't say he would reign in government, none. yet the american people said you know what? that's okay with us. you keep spending, you keep getting it up there and we will take our chances. do you think most americans understand this? >> not at all. and i think it's pretty easy to win elections when you give away candy that you borrow from the chinese. and i think the reason republicans lost is they didn't...
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think about that. >> jim demint is cutting and running. john boehner is in a box. grover norquist near oblivion. karl rove benched on fox news. and the real action of barack obama has sent the republican party into total disarray. >> that's what i'm talking about. >> congressman jim clyburn of south carolina and eugene robinson on the latest republican fiasco. >>> plus, congressman chris van hollen on john boehner's latest concession on the fiscal cliff. michael eric dyson and donna gentile-o'donnell on the political fallout. howard dean on chris christie's big decision on the obama care exchange. and apple's ceo breaks big news to nbc's brian williams. >> next year, we will do one of our existing mac lines in the united states. >> tonight, a story of economic patriotism in an era of bain capital with e.j. dionne. good to have you with us tonight, folks. thanks for watching. the reality of the election is start to set in on members of the republican party. republican senator jim demint of south carolina is leaving capitol hill to become president of the heritage fo
think about that. >> jim demint is cutting and running. john boehner is in a box. grover norquist near oblivion. karl rove benched on fox news. and the real action of barack obama has sent the republican party into total disarray. >> that's what i'm talking about. >> congressman jim clyburn of south carolina and eugene robinson on the latest republican fiasco. >>> plus, congressman chris van hollen on john boehner's latest concession on the fiscal cliff. michael eric...
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are you listening, lawmakers and president obama? facebook.com/car facebook.com/carolcnn if you would like to continue the conversation. thanks for the responses. i appreciate t
are you listening, lawmakers and president obama? facebook.com/car facebook.com/carolcnn if you would like to continue the conversation. thanks for the responses. i appreciate t
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so what guaranteed cuts is the president offering? >> nothing yet. he put a lot on the table in the summer of 2011 when it was john boehner again and obama, they almost got a grand bargain e. talked about raising the medicare eligibility age to 67 over a certain amount of time. making changes to cost of living. statements to soegt social security. right now there is nothing on the table. that was obama's opening bid. the republicans were miffed at him, they knew he wouldn't give them exactly what they'd accept. a few said they were inch superintendented like that. again you don't want to negotiate with yourself, you want to start over here and get in the middle to set up some type of deal. don't expect any deal until christmas at the earliest. >> reporter: let's go back to the tax cuts you're talking about. president obama wants to raise revenue by taxing those making $250,000 or more a year. it rises from 33% and 35% today to 36% and 39.6%, i believe. but that would only generate about 85 billion a year. according to the treasury department, the fed
so what guaranteed cuts is the president offering? >> nothing yet. he put a lot on the table in the summer of 2011 when it was john boehner again and obama, they almost got a grand bargain e. talked about raising the medicare eligibility age to 67 over a certain amount of time. making changes to cost of living. statements to soegt social security. right now there is nothing on the table. that was obama's opening bid. the republicans were miffed at him, they knew he wouldn't give them...
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. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves and teating the president's proposal like it's serious. >> republican house speaker john boehner has come out against any tax hike and has refused to bring the democratic plan for a vote. >>> the dow fell almost 14 points. nasdaq lost 5 1/2. the s & p fell 2 1/2 points. >>> yahoo is buying another silicon startup. sunnyvale's yahoo acquired on the air today. the service enables users to hold online video chats in a talk show foremated. >>> a monstrous typhoon has killed 74 people in the philippines and the deattoll is expected to rise. 23 of the people drowned in flooding caused by the typhoon. the storm made landfall yesterday and some 60,000 people have fled to emergency shelters. the crowded shelters in this
. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves and teating the president's proposal like it's serious. >> republican house speaker john boehner has come out against any tax...
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on the first $250,000 of their income. >> well, what if the obama administration lets it happen? what happens to the average american family. joining us here, is congressman randy forbes, nice to have you on the show. >> thank you, governor. >> let me ask you something, do you feel that the president actually wants it to happen so it gives him some political advantage? >> well, governor, i just have to judge that by two things, first of all, what i'm hearing from my colleagues on the democratic leadership side and told me as late as last week, they wanted to go over the fiscal cliff because we've argued all along they'll start by simply taxing everybody above 200,000, but that will continue and this'll lower at that rate and limit and they told me they'd vote for everything that tax everybody above $150,000 and secondly you look at the president as actions. the president doesn't want an agreement or compromise, he wants to get his way and that's why he won't come to the table with any serious proposal and talk, because we could get a solution that everybody could live with. >> it
on the first $250,000 of their income. >> well, what if the obama administration lets it happen? what happens to the average american family. joining us here, is congressman randy forbes, nice to have you on the show. >> thank you, governor. >> let me ask you something, do you feel that the president actually wants it to happen so it gives him some political advantage? >> well, governor, i just have to judge that by two things, first of all, what i'm hearing from my...
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, albeit disproportionately to defense spending but it's better than accepting obama's terms crammed down our throat. boehner needs to paint obama as the one who is holding the country hostage. he wants to talk about holding the middle class hostage? no it's him holding the entire country hostage and our kids hostage, with his krin call refuse ool to enter the entitlement reform game. >> wow, he is really bad. >> stephanie: yeah i can see why he didn't get the radio show. >> sheky. >> stephanie: that was so merrill osmond. >> merrill was kind of the leader. >> stephanie: i dove donnie. steve doocy. >> europe is great because they have wonderful food and runny cheeses, but we shouldn't base our policies on theirs because they are stinkers. >> we should base it on singapore where they have no unemployment, and they have a competitive market. that protects workers. >> stephanie: we should be like singapore? >> oh my god. holy crap. he is a bigger idiot than i thought. he is not even trying to hide what a douche bag he is. >> stephanie: okay. bill o'reilly. really? is this his whole dece
, albeit disproportionately to defense spending but it's better than accepting obama's terms crammed down our throat. boehner needs to paint obama as the one who is holding the country hostage. he wants to talk about holding the middle class hostage? no it's him holding the entire country hostage and our kids hostage, with his krin call refuse ool to enter the entitlement reform game. >> wow, he is really bad. >> stephanie: yeah i can see why he didn't get the radio show. >>...
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president obama said 1.6 in tax increases and spending cuts won't take place until next year. by considering that obama has been open to spending cuts in previous negotiations, and says he's open to it now. and republicans have changed from where they were a year ago when it comes to tax increases, i think it won't take too much to get there, although -- >> that segment and more at our special webpage c-span.org/fiscal cliff. now to the senate side of capitol hill for gos on the pending tax hikes and budget cuts. >> there's enough writing on the walls to fill quite a few pages about republicans deciding the right thing to do is protect the middle class. and we need to do it now. it's really important that this holiday season that the middle class is not going to be burdened with the thought that they may hit a $2,200 a year tax increase. there have been positive developments this week. we've had a list of republicans that have decided clearly that the best interest of the american people is to pass the bill we passed here last july, confirming the tax cut continues for the mid
president obama said 1.6 in tax increases and spending cuts won't take place until next year. by considering that obama has been open to spending cuts in previous negotiations, and says he's open to it now. and republicans have changed from where they were a year ago when it comes to tax increases, i think it won't take too much to get there, although -- >> that segment and more at our special webpage c-span.org/fiscal cliff. now to the senate side of capitol hill for gos on the pending...
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we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint economic committee hearing. they're going to hear from a top economist not only about the jobs numbers coming out tomorrow but also about what can be done to avoid this issue at the end of the year. >> tracie potts for us in washington. thank you. >>> last night on the ed show, steny hoyer explains why he thinks the debt ceiling vote should be taken off the table. >> the debt ceiling is a phone y vote, frankly. and from time to time democrats have made it an item that they demagogue down and the republicans have demagogued on it, as well. the debt limit is a re
we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint...
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the big story is order from the obama administration to pentagon to get ready for sequestration. tonight on "special report," for the first time, the defense department and other agencies are told to start planning for massive spending cuts that will automatically kick in, if a budget deal is not reached. we take look at what the specific cuts would do to the nation's defense capabilities. you heard a lot lately about possibly curtailing tax deductions as a way to raise revenue the president said republicans want to eliminate charitable deductions. we'll see if it's true to get the latest on the cliff negotiations. president and speaker boehner talked today by phone. syrian president bashar assad sent an envoy to several latin american nation to scout location for asylum. special senators from at 6:00 eastern. back to my colleagues with "the five." ♪ ♪ >> kimberly: treb story of the homeless man given boots from cop on cold night in new york city last month? it turns out he is not hom homeless. jeffrey and the nypd officer became internet sensations after a photographer snapp
the big story is order from the obama administration to pentagon to get ready for sequestration. tonight on "special report," for the first time, the defense department and other agencies are told to start planning for massive spending cuts that will automatically kick in, if a budget deal is not reached. we take look at what the specific cuts would do to the nation's defense capabilities. you heard a lot lately about possibly curtailing tax deductions as a way to raise revenue the...
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he knows fail to cut this on schedule is a risk of unclear dimension. nobody knows, i don't, how bad the whirlwinds will be if he we fail to do this on time. one thing for certain, no guarantee that a huge drop in faith of the world economic markets will be followed by a quick rebound. as i said, this is a real cliff, not a bungee jump. that's "hardball" for now. thanks for being with us. "the ed show" with ed schultz starts right now. >>> good evening, americans, welcome to "the ed show" from new york. senator jim demint has met his waterloo. this is "the ed show." let's get to work. >> one republican senator said, i'm quoting him now, if we're able to stop obama on this, it will be his waterloo. it will break him. think about that. >> jim demint is cutting and running. john boehner is in a box. grover norquist near oblivion. karl rove benched on fox news. and the real action of barack obama has sent the republican party into total disarray. >> that's what i'm talking about. >> congressman jim clyburn of south carolina and eugene robinson on the latest
he knows fail to cut this on schedule is a risk of unclear dimension. nobody knows, i don't, how bad the whirlwinds will be if he we fail to do this on time. one thing for certain, no guarantee that a huge drop in faith of the world economic markets will be followed by a quick rebound. as i said, this is a real cliff, not a bungee jump. that's "hardball" for now. thanks for being with us. "the ed show" with ed schultz starts right now. >>> good evening, americans,...